UPDATE 1-China's State Grid says looking at Abengoa assets in Brazil

SAO PAULO, March 1 (Reuters) - Chinese energy group State
Grid said on Tuesday it is interested in acquiring
power transmission assets in Brazil held by the troubled Spanish
conglomerate Abengoa SA.

In an emailed statement to Reuters, State Grid said that it
has not yet presented any formal proposal to Abengoa.

Reuters questioned State Grid after comments earlier in the
day by Brazil's Energy Minister Eduardo Braga. He said the
government was talking to two foreign groups regarding Abengoa
transmission lines.

Brazil is keen on finding a new owner for the assets, mainly
the ones that have yet to be finalized.

"We are evaluating the proposals, looking if they are
feasible considering the deadlines for conclusion of the new
lines," said Braga.

State Grid declined to say if it was one of the companies
talking to the Brazilian government.

Abengoa, which opened pre-insolvency proceedings late last
year in Spain, holds concessions to build and operate 6,300
kilometers (3,915 miles) of transmission lines in Brazil.

Some of the new lines are vital to connect dozens of wind
farms to the grid.
Continuación...